The attached data from the Cwazy Wabbit Company includes balance sheet and income statement, and is needed to calculate the answers to Questions 1 through 23. The total exam is worth 150 points but contains 162 possible points. Question 1 4 pts Calculate Current Ratio 1.86 1.90 O 1.96 4.88 ASSETS Current Assets: Cash/Marketable Securities $ 10,000 Accounts Receivable 80,000 Inventory 110,000 Total Current Assets $ 200,000 Fixed Assets (Net of Accumulated Depr) 152,000 Other Assets 4,000 TOTAL ASSETS $356,000 LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities Accounts Payable $ 74,000 Notes Payable 24,000 Accrued Expenses 4.000 Total Current Liabilities $102,000 Long Term Debt $100,000 Total Debt $202,000 Owners Equity Common Stock (25,000 shares outstanding @$1 par) 25.000 Retained Earnings 129,000 Total Equity $154,000 TOTAL LIABILITIES & STOCKHOLDERS EQUITY $ 356,000 The Cwazy Wabbit Company Income Statement for the year 1/1/2020 - 12/31/2020 Sales (50,000 units @ $30 price) $1,500,000 Cost of Goods Sold (50,000 units @ $20.10 Variable Cost per unit) $1,005,000 Fixed Costs 177.500 EBIT 317,500 Interest Expense 163,240 Earnings Before Tax 154,260 Taxos (28%) 43 193 Not Income $ 111,067 Dividends declared and paid 44,108 Current Stock Price as of June 1, 2021 $30.00